Interesting General Info on Casinos, percentages, etc. (From a stock info site...LOL)

[MJGolf]

Link: www.fool.com/investing/high-growth/2014/10/25/the-las-vegas-game-you-should-avoid-at-all-costs.aspx



Funny they list Blackjack as generally a 2% house edge. They must figure most games are 6-5 pay?

[Nyne]

Approximately no one plays correct basic strategy. The more options you give them (DAS, LS), the more most players screw up.

[bigplayer]

Zender in "Casino-ology" estimates the typical player gives up about 0.8% in addition to whatever the house advantage actually is. A typical 8 deck game with 0.6% advantage that translates to a 1.4% house advantage. For an eight deck game with 6/5 that's 2.8% so it's "only" double the house advantage, not the 350% increase it would be for basic strategy players. Perhaps that explains why despite the proliferation of 6/5 rules on the LV Strip the hold on blackjack has not really gone up all that much. That could, of course, also be explained by the fact that people are playing many less hours of blackjack because the house edge is killing them. (e.g., Killing the Golden Goose).

[moo321]

Zender in "Casino-ology" estimates the typical player gives up about 0.8% in addition to whatever the house advantage actually is. A typical 8 deck game with 0.6% advantage that translates to a 1.4% house advantage. For an eight deck game with 6/5 that's 2.8% so it's "only" double the house advantage, not the 350% increase it would be for basic strategy players. Perhaps that explains why despite the proliferation of 6/5 rules on the LV Strip the hold on blackjack has not really gone up all that much. That could, of course, also be explained by the fact that people are playing many less hours of blackjack because the house edge is killing them. (e.g., Killing the Golden Goose).

.8% sounds low to me. Maybe East Coast players. But lots of places I see players giving up 2% or more.

The problem with 6:5 is that the casinos are thinking about the hold only, instead of thinking about the drop.